SHORE BANCSHARES INC (SHBI) Stock Technical Analysis
USA - NASDAQ:SHBI - US8251071051 - Common Stock
We assign a technical rating of 2 out of 10 to SHBI. SHBI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, SHBI does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 15.43, a Stop Loss order could be placed below this zone.
More info and screens
12.49
We found 2 important support areas.
- A support zone ranging from 15.18 to 15.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.62 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 15.81 to 16.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 17.14 to 17.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for SHBI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHBI is neutral. |
| ChartMill Relative Strength | 53.21 | NEUTRAL | SHBI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHBI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SHBI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.42 | NEUTRAL | The RSI value for SHBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SHBI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.73 | NEUTRAL | The Stochastics value for SHBI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for SHBI suggests some volalility. |
| Average Directional Index/ADX (14) | 15.8 | NEGATIVE | The low ADX value for SHBI suggests a weak or negative trend. |
15.75
-0.02 (-0.13%)
SHORE BANCSHARES INC / SHBI FAQ
What is the technical rating for SHBI stock?
ChartMill assigns a technical rating of 2 / 10 to SHBI.
What is the current trend direction of SHORE BANCSHARES INC (SHBI) stock?
The current trend direction for SHORE BANCSHARES INC (SHBI) is Bearish.
What is the RSI signal for SHBI stock?
SHORE BANCSHARES INC (SHBI) has an RSI value of 43.4249. This indicates that the stock is currently neutral.
What is the MACD signal for SHORE BANCSHARES INC (SHBI) stock?
The MACD indicator for SHORE BANCSHARES INC (SHBI) has a value of -0.00395367, indicating a bearish trend.
What is the support and resistance level for SHBI stock?
SHORE BANCSHARES INC (SHBI) has a support level at 15.43 and a resistance level at 15.81. Check the full technical report for our detailed analysis of SHBI support and resistance levels.